Gold bulls take heart from US Federal Reserve resolve
Bloomberg
Gold rose to a one-month high after the US Federal Reserve reiterated its commitment to supporting the economy and optimism grew that a virus-relief package would soon be delivered by US lawmakers.
The Fed promised at its final policy meeting for this year to maintain its massive asset-purchase program until it sees “substantial further progress” in employment and inflation.
Fed Chairman Jerome Powell said that the case for fiscal stimulus was “very, very strong.”
Gold bullion is displayed at Hatton Garden Metals precious metal dealers in London, England, on July 21, 2015.